03-29-2020, 09:18 AM
I feel like construction on this and all other projects will slow down with the virus pandemic. We've not seen the peak of that thing, so as the weeks/months go on, it's going to impact the construction industry regardless of whether or not it's deemed essential. Workers are going to become sick and money will start to dry up. In fact, I'd say that this world event could very well signal the end of this real estate/construction boom for the foreseeable future because the economic impacts have been expected to parallel what happened to the world following the 1918 influenza. I suspect few new projects will really be announced, and what exists will lose a chunk of its value. I feel bad for anyone who spent a couple hundred thousand on a condo or who opened a new business downtown.